Uniswap, Near Protocol, Hyperliquid and Bitcoin face critical resistance after surges

UNI surges but faces possible correction

Uniswap, a leading decentralized exchange protocol and governance token, has demonstrated impressive strength after briefly reaching $9.44. The token is now trading near $8.69, maintaining much of its momentum from a breakout that started around $3.20 in mid-August. This rally has almost tripled UNI’s value from its local bottom.

The latest advance was significant as UNI overcame the $7.20–$7.50 region after being rejected from that range earlier in September. Following the rejection, UNI corrected to $5.90 but sellers failed to push the token to a new low. Instead, the price consolidated between $6.00 and $6.70 before surging higher.

However, the upper wick near $9.44 suggests intense selling pressure above $9.00, increasing the likelihood of a short-term pullback. Maintaining price action above $7.80–$8.00 is seen as critical for bulls, with $7.20–$7.50 serving as a secondary support band. On renewed buying, targets re-emerge at $9.00 and $9.44, while $10 stands out as an important psychological threshold. Risk is now greater for those chasing new highs versus those who entered at breakout levels.

The nearly vertical move toward $9.44 exposes UNI to the possibility of a short-term correction, especially if sellers continue to dominate above $9.00.

Near Protocol extends rally, enters price discovery

Near Protocol, an open-source, sharded, and developer-friendly layer-1 blockchain, has seen its price surge to around $3.62, with today’s candle marking $3.78. The project’s breakout above the $2.80–$3.00 resistance zone has pushed NEAR into levels not seen throughout its recent trading range.

After spending most of June and August below $2.20, NEAR consolidated between $2.30 and $2.50. Buyers then fueled high-volume breakouts through $2.60 and $3.00. The current advance from $2.35 to $3.62 has been especially rapid, helped by a marked increase in trading volumes not present earlier in the summer.

This rapid upswing has left NEAR technically stretched and more susceptible to profit-taking at immediate resistance between $3.75 and $3.80. Support sits initially at $3.10–$3.20, with primary breakout support deeper down at $2.80–$3.00. Continued volatility is expected following this fast expansion.

Mini dictionary: Near Protocol — A layer-1 blockchain designed for scalability and ease of use, known for its sharded architecture that allows for parallel processing and increased transaction throughput.

Hyperliquid sets new records, eyes psychological level

Hyperliquid, a decentralized derivatives trading protocol, has returned to record highs after buyers rapidly erased the impact of a mid-September correction. The native HYPE token reached $91.91 in the latest daily candle and is currently trading at $90.94, resuming the strong uptrend seen in previous weeks.

In August, HYPE surged from $58 to the $87–$89 region before briefly retreating to $76. Strong buying interest then propelled the token decisively through $80 and $85. The next significant technical zone lies around $92, with $100 representing a major psychological milestone if momentum persists.

Despite the robust uptrend, the steep rise increases the risk of a reversal. For bulls to retain control, the key support zone rests between $85–$87, followed by $78–$80. A loss of these levels could undermine the token’s advance. The aggressive series of higher highs and quick recoveries from corrections remains notable, but the unrelenting pace is a concern.

Bitcoin rebounds, but range breakout remains elusive

Bitcoin recently rebounded above $80,000 after dipping as low as $75,000 earlier this week. Since the explosive move from $63,000 to $78,000 in August, BTC has oscillated between $75,000 and $82,000 without breaking the range meaningfully in either direction.

With the latest upward push from $76,200 to $80,300, bullish sentiment is building again as traders eye the $81,000–$82,000 resistance. If Bitcoin can decisively clear this level, it would open the door to $83,000–$84,000 and signal a potential expansion beyond the recent consolidation.

Support remains layered, with initial defenses at $78,000 and the more critical $75,000–$76,000 zone. These levels have attracted strong reactions and currently define the short-term structure. Traders continue to watch for a breakout, which would determine whether Bitcoin’s revival is sustainable or simply another fluctuation within its established range.

Whether Bitcoin’s rebound transforms into a breakout or remains part of the ongoing range will be determined by its ability to clear $81,000–$82,000 resistance.